Prime investment opportunity in an established McAllen neighborhood. This fully occupied multi-tenant property features four apartments with long-term tenants, offering steady income from day one. Ideally located with quick access to McAllen's main arteries, it's close to the vibrant nightlife of the historical and downtown districts and within walking distance to Archer Park and its popular food truck park. While the property needs some TLC, there's significant potential for rent increases, making it an excellent investment. There are 3 buildings on the 1/3 acre property with yard space for each area. Enjoy the benefits of a stable community, easy access to public transportation, and major highways. Don't miss this chance to own a promising property with great growth potential.
For sale
Price cut: $23K (7/25)
$275,000
505 N 12th St, McAllen, TX 78501
6beds
5baths
3,841sqft
Est.:
Quadruplex, Multi Family
Built in 1976
-- sqft lot
$-- Zestimate®
$72/sqft
$-- HOA
What's special
- 370 days
- on Zillow |
- 324 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 01:58pm
Listed by:
Marsha A. Acosta 956-560-8525,
Coldwell Banker La Mansion
Source: Greater McAllen AOR,MLS#: 446232
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Electric, Wall Unit(s)
Appliances
- Included: Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
- Laundry: Laundry Room
Features
- Ceiling Fan(s)
- Flooring: Hardwood
Interior area
- Total structure area: 3,841
- Total interior livable area: 3,841 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage Faces Side
- Carport spaces: 3
Features
- Patio & porch: Covered Patio, Deck/Balcony/Porch
- Fencing: Chain Link
Lot
- Size: 0.33 Acres
- Features: Corner Lot, Sidewalks
Details
- Additional structures: Laundry Facility, Storage
- Parcel number: N540000019000500
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick, Frame/Wood
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: None
Community & HOA
Community
- Features: Sidewalks, Street Lights
- Subdivision: North Mcallen
HOA
- Has HOA: No
Location
- Region: Mcallen
Financial & listing details
- Price per square foot: $72/sqft
- Tax assessed value: $297,960
- Annual tax amount: $7,010
- Date on market: 8/6/2024
- Road surface type: Paved
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